Friday, February 25th, 2011

After filing for bankruptcy last year, Blockbuster has now agreed to be purchased by a group of creditors. As this once-mighty chain continues to shutter stores, a timeline of their existence from Fast Company is worth a read. In addition to the genesis of Netflix (which now has a market cap of over $11 billion), the timeline also features this gem:

2000: Blockbuster declines several offers to purchase Netflix for a mere $50 million. Instead, the company inks a 20-year deal to deliver on-demand movies with Enron Broadband Services, a subsidiary of energy trading giant Enron.